KRONES AG (KRN.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:KRN - DE0006335003 - Common Stock
141.2 EUR
-0.8 (-0.56%)
KRN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 111 industry peers in the Machinery industry. KRN has an excellent profitability rating, but there are some minor concerns on its financial health. KRN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year KRN was profitable.
- KRN had a positive operating cash flow in the past year.
- Of the past 5 years KRN 4 years were profitable.
- KRN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 6.01%, KRN is in the better half of the industry, outperforming 72.97% of the companies in the same industry.
- KRN has a Return On Equity of 14.28%. This is in the better half of the industry: KRN outperforms 74.77% of its industry peers.
- The Return On Invested Capital of KRN (11.63%) is better than 83.78% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for KRN is in line with the industry average of 9.21%.
- The last Return On Invested Capital (11.63%) for KRN is above the 3 year average (10.37%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.01% | ||
| ROE | 14.28% | ||
| ROIC | 11.63% |
ROA(3y)5.11%
ROA(5y)3.35%
ROE(3y)13.07%
ROE(5y)8.54%
ROIC(3y)10.37%
ROIC(5y)N/A
1.3 Margins
- With a decent Profit Margin value of 5.24%, KRN is doing good in the industry, outperforming 60.36% of the companies in the same industry.
- In the last couple of years the Profit Margin of KRN has grown nicely.
- KRN has a Operating Margin of 7.19%. This is comparable to the rest of the industry: KRN outperforms 55.86% of its industry peers.
- KRN's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 53.35%, KRN is in the better half of the industry, outperforming 69.37% of the companies in the same industry.
- KRN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.19% | ||
| PM (TTM) | 5.24% | ||
| GM | 53.35% |
OM growth 3Y13.3%
OM growth 5Y31.4%
PM growth 3Y10.38%
PM growth 5Y85.26%
GM growth 3Y0.06%
GM growth 5Y0.84%
2. Health
2.1 Basic Checks
- KRN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- Compared to 1 year ago, KRN has about the same amount of shares outstanding.
- The number of shares outstanding for KRN remains at a similar level compared to 5 years ago.
- KRN has a better debt/assets ratio than last year.
2.2 Solvency
- The Debt to FCF ratio of KRN is 0.01, which is an excellent value as it means it would take KRN, only 0.01 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of KRN (0.01) is better than 100.00% of its industry peers.
- A Debt/Equity ratio of 0.00 indicates that KRN is not too dependend on debt financing.
- KRN has a Debt to Equity ratio of 0.00. This is amongst the best in the industry. KRN outperforms 98.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.59
WACC7.33%
2.3 Liquidity
- KRN has a Current Ratio of 1.39. This is a normal value and indicates that KRN is financially healthy and should not expect problems in meeting its short term obligations.
- KRN has a Current ratio (1.39) which is comparable to the rest of the industry.
- KRN has a Quick Ratio of 1.10. This is a normal value and indicates that KRN is financially healthy and should not expect problems in meeting its short term obligations.
- With a decent Quick ratio value of 1.10, KRN is doing good in the industry, outperforming 60.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
- KRN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.20%, which is quite good.
- KRN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 96.42% yearly.
- Looking at the last year, KRN shows a quite strong growth in Revenue. The Revenue has grown by 8.15% in the last year.
- The Revenue has been growing slightly by 5.98% on average over the past years.
EPS 1Y (TTM)16.2%
EPS 3Y25.19%
EPS 5Y96.42%
EPS Q2Q%3.37%
Revenue 1Y (TTM)8.15%
Revenue growth 3Y13.35%
Revenue growth 5Y5.98%
Sales Q2Q%4.72%
3.2 Future
- KRN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.52% yearly.
- The Revenue is expected to grow by 5.97% on average over the next years.
EPS Next Y13.97%
EPS Next 2Y12.21%
EPS Next 3Y12.56%
EPS Next 5Y9.52%
Revenue Next Year7.23%
Revenue Next 2Y6.11%
Revenue Next 3Y6.12%
Revenue Next 5Y5.97%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 15.38 indicates a correct valuation of KRN.
- Compared to the rest of the industry, the Price/Earnings ratio of KRN indicates a somewhat cheap valuation: KRN is cheaper than 79.28% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.60, KRN is valued a bit cheaper.
- KRN is valuated correctly with a Price/Forward Earnings ratio of 12.79.
- Based on the Price/Forward Earnings ratio, KRN is valued a bit cheaper than 67.57% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of KRN to the average of the S&P500 Index (25.83), we can say KRN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.38 | ||
| Fwd PE | 12.79 |
4.2 Price Multiples
- 70.27% of the companies in the same industry are more expensive than KRN, based on the Enterprise Value to EBITDA ratio.
- KRN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.74 | ||
| EV/EBITDA | 7.15 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of KRN may justify a higher PE ratio.
- KRN's earnings are expected to grow with 12.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.1
PEG (5Y)0.16
EPS Next 2Y12.21%
EPS Next 3Y12.56%
5. Dividend
5.1 Amount
- KRN has a Yearly Dividend Yield of 1.87%. Purely for dividend investing, there may be better candidates out there.
- KRN's Dividend Yield is a higher than the industry average which is at 1.48.
- Compared to an average S&P500 Dividend Yield of 1.82, KRN has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
- The dividend of KRN has a limited annual growth rate of 5.29%.
Dividend Growth(5Y)5.29%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
- KRN pays out 28.35% of its income as dividend. This is a sustainable payout ratio.
- KRN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP28.35%
EPS Next 2Y12.21%
EPS Next 3Y12.56%
KRONES AG / KRN.DE FAQ
What is the ChartMill fundamental rating of KRONES AG (KRN.DE) stock?
ChartMill assigns a fundamental rating of 6 / 10 to KRN.DE.
What is the valuation status for KRN stock?
ChartMill assigns a valuation rating of 5 / 10 to KRONES AG (KRN.DE). This can be considered as Fairly Valued.
What is the profitability of KRN stock?
KRONES AG (KRN.DE) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for KRN stock?
The Price/Earnings (PE) ratio for KRONES AG (KRN.DE) is 15.38 and the Price/Book (PB) ratio is 2.2.
What is the financial health of KRONES AG (KRN.DE) stock?
The financial health rating of KRONES AG (KRN.DE) is 6 / 10.